Demitri's parents begin saving for his college fund when Demitri is 10 years old. They invest $5,000 in an account that earns 1.
2% interest compounded annually. When Demitri turns 18, he decides to attend a local community college for two years. One year of courses at the community college costs approximately $2,700. Is there enough money available from the investment to pay for the first two years of Demitri's college education?
